Stock Talk

Hong Kong, China shares edge higher, shipping firms stronger

Hong Kong and China shares crept higher early Thursday, led by Chinese financial and shipping counters as an index of freight costs kept raising in another sign the global economy is on the mend.

Thursday, 12 September, 2013, 2:43pm

Hong Kong shares end down 0.2pc in first loss in five days

Hong Kong shares snapped a four-day winning streak on Wednesday, as investors took profit on Apple Inc suppliers on concerns that its new “low cost” iPhone model will not be competitive in its target emerging markets.

11 Sep 2013 - 5:39pm

Shanghai shares post biggest gain in nine months, lifting Hong Kong markets

Shanghai shares produced their biggest daily gain in nine months on Monday, lifting Hong Kong markets, due to a combination of encouraging August economic data and hopes that regulators soon will allow banks to issue preferred shares.

9 Sep 2013 - 8:26pm

Hong Kong shares rise, achieve biggest weekly gain in a year

Hong Kong shares closed at their highest since late May on Friday and posted their biggest weekly gain in a year, ahead of key economic data from the United States and China in coming days.

6 Sep 2013 - 4:47pm

Hong Kong shares end up 1.2pc at three-month high

Hong Kong shares closed at their highest in more than three months on Thursday, with the Chinese shipping sector leading strong gains in cyclical industries as a measure of freight cost surged to its highest in nearly two years.

The Hang Seng Index ended up 1.2 per cent at 22,597.97 points, its highest closing level since May 28.

5 Sep 2013 - 4:24pm

Hong Kong shares slip as CCB, Want Want sink after block deals

Hong Kong shares were lower at midday Wednesday, dragged down by weakness in China Construction Bank (CCB) and snack maker Want Want China after block sales of their shares hurt their sectors.

4 Sep 2013 - 5:03pm

Hong Kong shares set to open higher on robust China PMI

Hong Kong shares could start the week higher on Monday, after China’s upbeat factory activity data raised hope that a sharp economic slowdown in the world’s second-largest economy may have halted.

China’s factory activity expanded at the fastest pace in more than a year in August with a jump in new orders, official data showed on Sunday.

2 Sep 2013 - 9:56am

Hong Kong shares have best day in three weeks on China PMI survey

Hong Kong shares closed at a two-week high on Monday, thanks to an upbeat China factory activity survey that raised hopes that a sharp economic slowdown in the world’s second-largest economy has been halted.

The final Markit/HSBC Purchasing Managers’ Index (PMI) climbed to 50.1 in August, up sharply from July’s 47.7 and in line with last week’s flash preliminary reading.

2 Sep 2013 - 5:00pm

Hong Kong stocks close up 0.84pc on bargain hunting

Hong Kong shares ended 0.84 per cent higher Thursday on bargain hunting following heavy selling over the past week, while dealers also took heart from a rally on Wall Street.

The benchmark Hang Seng Index climbed 180.13 points to 21,704.78 on turnover of HK$50.70 billion.

29 Aug 2013 - 6:25pm

Hong Kong shares fall to five-week low, PetroChina tumbles

Hong Kong shares closed at their lowest level in more than five weeks on Wednesday, dragged down by energy and utility stocks as investors fretted over Syria and most regional markets slid again.

28 Aug 2013 - 5:27pm

Hong Kong shares close down 0.6pc on profit taking

Hong Kong shares fell on Tuesday as investors locked in profits after strong gains the day before and ahead of a slew of earnings reports, while uncertainty over possible military action by the United States against Syria also weighed.

27 Aug 2013 - 4:36pm

Hong Kong stocks close 0.65pc up Wall Street rally

Hong Kong shares ended up 0.65 per cent by the close Monday following a rally on Wall Street fuelled by a waning of fears the Federal Reserve will begin tapering its stimulus programme.

The benchmark Hang Seng Index climbed 141.81 points to 22,005.32 on turnover of HK$47.35 billion (US$6.11 billion).

26 Aug 2013 - 6:41pm

Hong Kong shares have worst week since mid-June

Hong Kong shares surrendered early gains and edged lower on Friday, dragged by afternoon weakness in Chinese markets as investors stayed cautious ahead of a slew of earnings reports from heavyweight Chinese financials next week.

The Hang Seng Index closed down 0.2 per cent at 21,863.51, while the China Enterprises Index of the top Chinese listings in Hong Kong fell 0.4 per cent.

23 Aug 2013 - 4:39pm

Hong Kong shares snap five-day losing streak on manufacturing signals

Hong Kong shares reversed early losses and ended higher on Thursday, as investors covered recent shorts after positive European and China manufacturing surveys gave support to cyclical stocks.

The Hang Seng Index closed up 0.4 per cent at 21,895.4. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.1 per cent. For both, the gains were the first in six days.

22 Aug 2013 - 4:15pm

Hong Kong shares post fifth straight loss amid outflow concerns

Hong Kong shares posted a fifth-straight day of losses on Wednesday as investors remained cautious on concerns over outflows from Asian markets ahead of a China economic survey that could offer clues on the world’s second-largest economy.

21 Aug 2013 - 5:07pm